Chelai Chewang is headed for liquidation

03 Oct 2017

C-to-b used auto auction platform Chelai Chewang (车来车往) is declaring bankruptcy. The Beijing-based company is one of the first companies to officially drop out of the tooth-and-nail fight for market share in the burgeoning used auto sector in China. The platform had amassed around 400 thousand users in just over two years of operation.